crypto-first21
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#CPIWatch
$BTC
#CPIdata
CPI holds steady at 2.7%, but core price rise tests Fed patience on cuts
As anticipated, the CPI increased 0.2 percent in July, keeping its annual growth rate at 2 0.7 percent. Persistent inflation was indicated by the core CPI, which increased 0.3 percent per month and 3.1 percent per year, excluding food and energy.
Crypto has flourished in environments where the Fed shifts to easing, but sustained core inflation may postpone or lessen the magnitude of rate cuts.
Energy prices have decreased, but the Fed's plans to cut rates are complicated by rising housing, healthcare, and transportation costs. As traders reassess their expectations, volatility may increase if the Fed decides to implement a "hawkish cut," which would lower rates while indicating caution.
$ETH
$BNB
$BTC
#CPIdata
CPI holds steady at 2.7%, but core price rise tests Fed patience on cuts
As anticipated, the CPI increased 0.2 percent in July, keeping its annual growth rate at 2 0.7 percent. Persistent inflation was indicated by the core CPI, which increased 0.3 percent per month and 3.1 percent per year, excluding food and energy.
Crypto has flourished in environments where the Fed shifts to easing, but sustained core inflation may postpone or lessen the magnitude of rate cuts.
Energy prices have decreased, but the Fed's plans to cut rates are complicated by rising housing, healthcare, and transportation costs. As traders reassess their expectations, volatility may increase if the Fed decides to implement a "hawkish cut," which would lower rates while indicating caution.
$ETH
$BNB
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